The Sugar Regulatory Board has greenlighted the importation of 440,000 metric tons of sugar for 2023. The SRA said the imports will augment the local supply of sugar and are expected to curb the ri…
The Sugar Regulatory Board has greenlighted the importation of 440,000 metric tons of sugar for 2023.
The SRA said the imports will augment the local supply of sugar and are expected to curb the rising retail price of sugar in markets. This batch of imports will come on a staggered basis: 100,000 metric tons will arrive as soon as possible, while another 100,000 metric tons will arrive starting April 1, the SRA said.While local production is rising, it is not enough to supply the needs of the country until the end of the year, it added.High prices of sugar were among the factors that pushed inflation up in the later months of 2022.
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